The tweet specified restructuring in order to uplist. The form of restructuring that tends to be done for that in the OTC is in fact the reverse split.
In this case, for example, to get to an uplist $4.00 share price it would need to be over a 4,000 to 1 reverse split based on the current share price.
Ouch.
Your restructuring examples of removing shares from the treasury or using restricted shares for growth just don't cut the mustard for an uplist here.
The Chong ICNM follow up tweet specified restructuring in order to uplist. The form of restructuring that tends to be done for that in the OTC is in fact the reverse split.
In this case, for example, to get to an uplist $4.00 share price it would need to be over a 4,000 to 1 reverse split based on the current share price.
Examples of removing shares from the treasury or using restricted shares for growth would not be sufficient measures in this case.
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